Yes, Melbourne’s South East remains more affordable than many other areas of the city, and this advantage has held firm despite recent interest rate rises. This is because the price base in the South East is lower to begin with.
How do prices compare?
In 2026, a four-bedroom home in Officer or Pakenham is expected to range from $650,000 to $730,000. The same property in suburbs like Doncaster, Mitcham, or Ringwood could cost between $950,000 and $1.2 million.
Why does a lower price base matter now?
Higher interest rates impact all buyers, but those starting with a smaller loan – say $650,000 rather than $1 million – are less affected. This relative affordability keeps demand in the South East more stable during periods of rising rates than markets that experienced significant price increases in 2021.
What about Wantirna?
Wantirna currently sits in the $840,000 to $940,000 range, making it more affordable than comparable suburbs in Knox closer to the CBD.
The honest reality
Off-market sales can sometimes achieve less than a public campaign. Success depends on whether your property has a narrow buyer profile and if KR Peters already has qualified buyers registered who are a good match. If broad appeal and competition are needed to achieve your price target, a public campaign is likely to outperform.
Questions to consider
- If you’re considering selling off-market, how well-defined is the buyer profile for your property?
- What is your timeframe for a sale, and how much price risk are you willing to accept?
- Are you prioritising a quick, certain sale, or maximising your price potential?
Talk to KR Peters for a straight-talking appraisal with no obligation.
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Market information is general in nature and reflects conditions
at the time of publication. For advice specific to your property,
contact KR Peters.